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Articles tagged with: electronic payment

PayPal Hits 100 Million Active Users

Paypal has just reached over 100 million active users. PayPal has been grabbing about 1 million active users each month, although the term ‘active’ was not defined by them, I would guess the term to mean any activity within the past 30 days, though PayPal could have meant past 6 months, or one year.

PayPal joined eBay on October 3rd of 2002 and now accounts for 30% of eBay’s total revenue. In the first quarter of 2011, PayPal earned $1 billion in revenue for eBay (these are profits taken from every PayPal transaction that occurs on eBay).

Near-Field Communications Technology To Replace Wallets?

According to the Huffington Post, Near-Field Communication was created in 2004, and the first phone enabled with the technology came in 2007. NFC is a wireless technology that enables devices to communicate with each other and exchange data at close range(within four centimeters). The NFC Forum claims that it is a ‘read’ and ‘write’ technology. Communication between two NFC-compatible devices will happen when one waves/touches one device with another. The benefit? The technology would allow users…